Why is bitcoin dropping today
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A bankruptcy protection scheme (called the ‘Civil Rehabilitation Plan’), which promised billions of dollars in Bitcoin as compensation, was accepted last month by about 99 per cent of the creditors of the now-defunct exchange. However, the apprehension still runs high: if the creditors – who will now receive more than 140,000 units of Bitcoin – sell their holdings, it would naturally place downward pressure on the price of bitcoin, thereby driving its value down. Bitcoin price down Visit a quote page and your recently viewed tickers will be displayed here.
Why did bitcoin go down today

Can Bitcoin's Price Drop to Zero?
The cause of the most recent disruption: the coming liquidation of crypto-friendly bank Silvergate. This news comes on the heels of the U.S. government moving $1 billion in seized Bitcoin to Coinbase-controlled wallets on Wednesday. Bitcoin Price Prediction: Can Bitcoin Reach $1,000,000 by 2025? Bitcoin was trading 0.60% lower early on Monday morning with a price above $48,000. (istock / iStock)